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101 proposals to reform the Stability and Growth Pact. Why so many? A survey.
Larch, Martin; Jonung, Lars; Fischer, Jonas - Volkswirtschaftliche Fakultät, … - 2008
Monetary Union (EMU). This paper analyzes 101 reform proposals presented by professional academic and non-academic economists …
Persistent link: https://www.econbiz.de/10008596420
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Analysis of Fiscal Rules in the European Monetary Union
Šehović, Damir - In: Journal of Central Banking Theory and Practice 4 (2015) 1, pp. 19-33
The EMU fiscal system is specific in many areas compared to other classic fiscal systems of national states. Specific … features mainly reflect in the implementation of economic policy within the EMU which is carried out by combining a common … internal market. Finally, the third segment refers to the fiscal policy coordination of the EMU member states related to …
Persistent link: https://www.econbiz.de/10012217803
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Analysis of Fiscal Rules in the European Monetary Union
Šehović, Damir - In: Journal of Central Banking Theory and Practice 4 (2015) 1, pp. 19-33
The EMU fiscal system is specific in many areas compared to other classic fiscal systems of national states. Specific … features mainly reflect in the implementation of economic policy within the EMU which is carried out by combining a common … internal market. Finally, the third segment refers to the fiscal policy coordination of the EMU member states related to …
Persistent link: https://www.econbiz.de/10011165894
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Sensitivity of fiscal-policy effects to policy coordination and business cycle conditions
Viren, Matti - Suomen Pankki - 2013
This paper deals with the problems of assessing the effects of fiscal policy in the European Monetary Union. Here, we face wide cross-country differences in key fiscal parameters, some of which may also be vary over time (business cycle). Moreover, these effects may also depend on trade...
Persistent link: https://www.econbiz.de/10010818985
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Fiscal Policy, intercountry adjustment and the real exchange rate within Europe
Allsopp, Christopher; Vines, David - Directorate-General Economic and Financial Affairs, … - 2008
In EMU, a country may have difficulty ensuring stability in the face of asymmetric shocks; the response may be unstable … performance within Europe. Within EMU, a country may have difficulty ensuring stability in the face of asymmetric shocks; the …
Persistent link: https://www.econbiz.de/10008577462
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Making The Pact More Flexible: Can It Lead to Less Flexible Fiscal Policies?
Mackiewicz, Michal - EconWPA - 2005
deficits, is likely to decrease, rather then increase, the scope of anti-cyclical fiscal actions undertaken by the EMU member …
Persistent link: https://www.econbiz.de/10005126267
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Effects of fiscal policy on the durability of low inflation regimes
Pohjola, Tapio - Suomen Pankki - 2002
This paper deals with the interaction of fiscal and monetary policy when the central bank is pursuing a price stability-oriented monetary policy. In particular, we study the durability of the price stability regime when public debt accumulates as a result of ultimately unsustainable deficits....
Persistent link: https://www.econbiz.de/10005423694
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What to Expect from the Latest Reform of the Stability and Growth Pact
Holler, Johannes; Reiss, Lukas - In: Monetary Policy & the Economy (2011) 4, pp. 85-98
Before the crisis hit, many euro area countries had failed to create sufficient fiscal room for times of economic difficulty, which made a new reform of the Stability and Growth Pact inevitable. Above all, this most recent reform introduces an expenditure rule in the preventive arm of the pact,...
Persistent link: https://www.econbiz.de/10009647553
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The Use of Fiscal Policy in EMU: First Appraisal and Future Prospects
Pommier, Sébastien - In: EKONOMIAZ 69 (2008) 03, pp. 28-45
The Stability and Growth Pact (SGP) in EMU urges governments to achieve a position close to balance or surplus over the … medium term. So far, the fiscal framework has successfully contributed to the EMU public financial sustainability and may …
Persistent link: https://www.econbiz.de/10010751613
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El uso de la política fiscal en la Unión Económica y Monetaria: primera evaluación y perspectivas futuras
Pommier, Sébastien - In: EKONOMIAZ 69 (2008) 03, pp. 28-45
The Stability and Growth Pact (SGP) in EMU urges governments to achieve a position close to balance or surplus over the … medium term. So far, the fiscal framework has successfully contributed to the EMU public financial sustainability and may …
Persistent link: https://www.econbiz.de/10010751619